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GAO Says It Sees No Progress On Treasury Prices

THIS WEEK'S LEAD STORIES

The public securities industry has made no progress in expanding access to interdealer broker U.S. government securities prices in the past two years, says Paul Zacharias, assignment manager at the General Accounting Office.

As a legislative showdown looms, interdealer broker Chapdelaine & Co. is about to go live with CHATS, its order-matching system for U.S. Treasuries. Chapdelaine president Michael Franzese says he's ready to give the nod to Quotron Systems Inc. for retail distribution of CHATS

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‘Vibe coding is burning us out’

Vibe coding is rapidly spreading throughout the capital markets, and some are unhappy about it, while others believe the genie is out of the bottle. Engineers spoken to for this story share some choice words—and several expletives—about this new form of coding.

DTCC dives into public cloud

The clearing house has begun migrating its equities clearing and settlement systems to AWS, while its tokenization systems have migrated to Microsoft Azure ahead of their launch this fall.

Solving the last line of latency

Repurposed copper cables and hollow-core fiber can optimize latency even for firms who feel they’ve hit a ceiling, writes Vahan Sardaryan in this guest column.

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